Coon Rapids, MN Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Coon Rapids, MN Housing Market Trends

With 63,599 people, 24,121 houses or apartments, and a median cost of homes of $281,213, Coon Rapids real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Coon Rapids, accounting for 61.24% of the city's housing units. Other types of housing that are prevalent in Coon Rapids include row houses and other attached homes ( 18.89%), large apartment complexes or high rise apartments ( 17.23%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.58%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Coon Rapids. Owner-occupied housing accounts for 74.28% of Coon Rapids's homes, and 56.80% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Coon Rapids built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Coon Rapids built between 1940-1969 ( 25.80%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.58%). There's also some housing in Coon Rapids built before 1939 ( 1.31%).

Coon Rapids Home Appreciation Rates

In the last 10 years, Coon Rapids has experienced some of the highest home appreciation rates of any community in the nation. Coon Rapids real estate appreciated 95.61% over the last ten years, which is an average annual home appreciation rate of 6.94%, putting Coon Rapids in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Coon Rapids definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Coon Rapids appreciation rates have trailed the rest of the nation. In the last twelve months, Coon Rapids's appreciation rate has been 16.93%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Coon Rapids were at 6.62%, which equates to an annual appreciation rate of 29.24%.

Relative to Minnesota, our data show that Coon Rapids's latest annual appreciation rate is lower than 70% of the other cities and towns in Minnesota.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Coon Rapids differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Coon Rapids - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Coon Rapids real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$281,213

Coon Rapids, MN HOME PRICES

> $1,336,000
0.1%
0.1%
$1,002,001 - $1,336,000
0.1%
0.1%
$668,001 - $1,002,000
0.5%
0.5%
$534,001 - $668,000
1.4%
1.4%
$401,001 - $534,000
9.6%
9.6%
$267,001 - $401,000
46.5%
46.5%
$133,001 - $267,000
37.7%
37.7%
$67,001 - $133,000
1.7%
1.7%
$0 - $67,000
2.4%
2.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

High for MN

Value Relative To Nation

Number Of Homes And Apartments:
24,121

Coon Rapids Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
Compared To
America*
Latest Quarter:
2021 Q3 - 2021 Q4
Last 12 Months:
2020 Q4 - 2021 Q4
Last 2 Years:
2019 Q4 - 2021 Q4
Last 5 Years:
2016 Q4 - 2021 Q4
Last 10 Years:
2011 Q4 - 2021 Q4
Since 2000:
2000 Q1 - 2021 Q4
91.91% 3.01%
5
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,865 / per month

Homeownership Rate

Owners
74.3%
74.3%
Renters
25.7%
25.7%
Vacant
2.0%
2.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
10.6%
10.6%
1970 - 1999
62.3%
62.3%
1940 - 1969
25.8%
25.8%
1939 or Older
1.3%
1.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
61.2%
61.2%
Townhomes
18.9%
18.9%
Small Apt. Buildings
1.6%
1.6%
Apt. Complexes
17.2%
17.2%
Mobile Homes
1.0%
1.0%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.9%
0.9%
1 Bedroom
8.0%
8.0%
2 Bedrooms
28.4%
28.4%
3 Bedrooms
35.0%
35.0%
4 Bedrooms
21.8%
21.8%
5 or more bedrooms
5.9%
5.9%
0.0% 100.0%
% OF HOMES